LEGAL

 

Hercules Capital CEO Steps Down After Charge in College Admissions Scheme

Hercules Capital CEO Manuel Henriquez voluntarily stepped aside as the firm’s chairman and CEO. According to Bloomberg, the news comes in the wake of Henriquez’s indictment by federal authorities, a result of his alleged involvement in the wide-ranging college admissions cheating scandal that has now encompassed at least fifty people and eight elite universities.

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